Scooters Coffee | New Construction Ground Lease Investment Opportunity

Highlights:

• New 10-year Scooter’s ground lease
• Brand new construction (currently under construction)
• Proximity to large national retailers including Walmart & Lowe's
• Traffic count over 50,000+ cars daily at Custer and HW 380 intersection
• High Median Household Income within 10-miles of $114,748
• Projected opening date - 4/1/2022

Description:

INVESTMENT OVERVIEW . Scooter’s Coffee (the “Property”) is a 450 square foot single tenant retail building located northwest of downtown McKinney. The property sits on 1.91 acres of land on the North West Corner of Walnut Grove and Highway 380. The property is newly constructed with 100% occupancy and is apart of the newly developed Walnut Grove Shops.

INVESTMENT OVERVIEW. The McKinney submarket is a suburban city located just 30 miles north of downtown Dallas. McKinney is rapidly growing with a 2019 population of nearly 190,000 people, making the area one of the fastest-growing cities in America. In 2014, Money Magazine voted McKinney the #1 Best Place to Live in America. The McKinney economy is extremely diverse and is thriving due to its quality of life and leadership. The citizens of the community are dedicated to the continued growth of McKinney. The McKinney/Allen submarket consists of approximately 13.9 million square feet of industrial space with a 5.7% vacancy rate.

McKinney is starting to see robust growth in the office and multi-family sector with the newly announced 22-acre mixed-use development, called Hub 121. Independent Bank has recently announced its $52 million, 400,000 square foot corporate campus in Craig Ranch. The project will also include 20,000 square feet of retail space and an additional urban-style community totaling 287 units, which Seneca Investments is developing.

TOP INVESTOR MARKET. The total population for the Dallas-Fort Worth (DFW) metro is now 7.6 million, making it the 4th largest metro behind New York, Los Angeles, and Chicago. Dallas-Fort Worth led the nation in population growth from 2010-2017, adding 973,431 residents. Over half of that was due to migration, which contributed 555,586 (369,622 domestic / 185,964 international) to that total. Economists speculate that if the current trends continue, the area could catch up to Chicago sooner than previously expected and reach 10 million by 2030. Dallas-Fort Worth added 101,200 jobs over the last year, a growth rate of 2.8% (277 jobs per day). Industries with the largest gains were professional and business services, leisure and hospitality, and education and health services.

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